Mixed-Use Corner Property with
For Sale
$439,999
115 HULMEVILLE Avenue, Penndel, PA 19047
MULTI_FAMILY - Other - PENNDEL, PA
Property Size1,245 SF
Lot Size0.42 Acres
Price / SF$353.41
Days on Market49
Property Features for 115 HULMEVILLE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
10
Parking features
Parking Lot
Elementary school district
NESHAMINY
Middle school district
NESHAMINY
High school district
NESHAMINY
Standard status
Active
Size
1,245 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Annual Amount
3232
Utilities
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Window Unit(s), Wall Unit(s)
Building Details
Year built
1940
Number of units
1
Building materials
Frame
Architectural style
Other
Listing Agency:
Keller Williams Real Estate Tri-County · Keller Williams Realty
(215) 464-8800
Listed By:
Giovanni Carpino · License #RS296840
(267) 238-7156
Added: Jun 12
Changed: Jul 13
Last Checked: Jul 30 at 7:06PM
MLS# PABU2123928
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained mixed-use corner property is configured with a first-floor salon space and a second-floor residential unit. The second floor includes a one-bedroom layout with a separate living room, kitchen, full bathroom, and a dedicated laundry area. Separate electric services serve each unit, while gas and water are shared.
The property sits on an approximately 0.42-acre lot and is described as having abundant parking. It is zoned RC (Retail Commercial). The listing notes that the first-floor salon is currently operating under a lease with approximately one year remaining, while the second-floor unit is rented on a month-to-month basis.
Buyers should verify all zoning uses and any subdivision or development possibilities with Penndel Borough, subject to buyer due diligence and borough approvals.
The property sits on an approximately 0.42-acre lot and is described as having abundant parking. It is zoned RC (Retail Commercial). The listing notes that the first-floor salon is currently operating under a lease with approximately one year remaining, while the second-floor unit is rented on a month-to-month basis.
Buyers should verify all zoning uses and any subdivision or development possibilities with Penndel Borough, subject to buyer due diligence and borough approvals.
Key Highlights
- Mixed‑use property on a corner lot with ~0.42 acres in Penndel Borough; zoned RC (Retail Commercial).
- First floor leased to an operating salon with ~1 year remaining; separate electric services serve each unit.
- Second‑floor 1‑bedroom rental unit on a month‑to‑month basis with separate living room, kitchen, full bathroom, and dedicated laundry area.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.4k | $26.04 |
| − Vacancy | −$6.3k | −$5.08 |
| EGI | $26.1k | $20.96 |
| − OpEx | −$6.5k | −$5.24 |
| NOI | $19.6k | $15.72 |
1,245 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$279.6K
$244.7K – $326.2K
NOI $19,573 @ 7.0% cap · market cap 4.45%
Second Best
Retail
$258.1K
$225.8K – $301.1K
NOI $18,066 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$377.5K
$330.3K – $440.4K
NOI $26,423 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 19047, PA
35,452
Population
13,150
Households
2.7
Avg Household Size
45
Median Age
45%
College-Educated
97%
High-School Grad
17.2 sq mi
ZIP Area
2,061
Density / Sq Mi
$110,395
Median Household Income
$55,992
Median Earnings
$1,770
Median Rent
$441,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Well-maintained mixed-use corner property with a leased first-floor salon and a rented second-floor one-bedroom unit.
Where is this live-work space located?
The property is located at 115 HULMEVILLE Avenue Penndel, PA.
What is the asking price?
The asking price for this property is $439,999.
What are key features of this property?
This property features: Mixed‑use property on a corner lot with ~0.42 acres in Penndel Borough; zoned RC (Retail Commercial).; First floor leased to an operating salon with ~1 year remaining; separate electric services serve each unit.; Second‑floor 1‑bedroom rental unit on a month‑to‑month basis with separate living room, kitchen, full bathroom, and dedicated laundry area.
